Nan Fung has taken a majority shareholding interest in Endurance Land, the Central London property developer and investor. Jonathan Fletcher, who founded Endurance Land in 2006, will continue to lead the company as CEO and build on Endurance Land’s strong track record in the London market.
Nan Fung Group will commit capital and resources to support new business ventures by Endurance Land, which will continue to work with leading institutional partners and investors as development and asset managers in joint venture structures. The company will also deploy capital from its management team and Nan Fung Group.
Working primarily in London, Endurance Land will continue to build on its opportunistic strategy, considering asset management and development opportunities close to major transport hubs, creating innovative and inspiring space for people to live and work.
Jonathan Fletcher, CEO of Endurance Land, said “Having a shareholder of such strength as Nan Fung Group will be a major benefit to the continued growth and success of Endurance Land. Nan Fung Group shares our professional and entrepreneurial outlook with a strong investment track record overseas, especially in London, and is a proven developer in Asia with a strong history and proud culture.”
“We look forward to continuing to build our successful platform with their collaboration and guidance,” he added.
Nan Fung’s existing UK Assets will be managed by Endurance Land and their UK team will join Endurance Land with immediate effect.
Endurance Land are well placed to capitalise in an uncertain market where performance and delivery are key to successful business plan’s. Endurance Land will continue with its current acquisition strategy, which focuses on strong real estate fundamentals, while at the same time being patient and waiting for the right opportunities.